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in the red, but that doesn't not tell the whole story because we have triple digits here until ben bernanke spoke. he put a damper on the market, didn't say he'd quit the qe3 #. that's going ahead full bore, but the fact he was not speaking optimistically about the economy and the effects of qe3 on the economy sent a damper on the stocks. a nice way to begin the day with 75 up on the dow, 3.6 on the s&p, and, again, nasdaq is the only one in the red. lauren: sometimes the fed tie doesn't list everything. silver ending at seven month highs. look at that. david: oil, a little of a rise, natural gas, though, we want to focus on natural gas because we have seen that thing grow for the past month or so. it was up 5% today. if you're looking for some play in energy, oil seems a little too hectic for you, go to natural gas. with ce get -- can we get that up there? okay. switch to airlines. lauren: they are seeing a pop today. as you see, there was a report out earlier saying the outlook for the airline industry is improving. that's a good sign. look at that. up arrows across the board. david: ibm,
of the fourth quarter. then the fed chairman started speaking, ben bernanke offering his best defense for pouring more fed dollars in economy, and the markets pulled back. rich edson will have more on mr. bernanke's speech coming up. and the dow is still up, 161 points, that is the biggest intraday point gain, by the way, since september the 13th financial stocks leading the dow right now including, yes, the bank of america, america express, jpmorgan all having banner days. microsoft remaining the biggest laggard after two price targets cuts from jeffrey's and rbc. we've got traders at the new york stock exchange, the cme group and the nymex. let's take a look at the cme, charlie needles, the cme. charlie, what a day? is it all on the back of the ism numbers? >> it is. you know, chi pmi came out overnight, and that showed things have stabilized there, in china. european pmi was in line, not lighting the world on fire. a little concern over the employment situation there. but if you look at the breakdown of the u.s. pmi, you kind of hit on all cylinders. the prices paid was actually a
. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost four points. and, as suzanne pratt reports there are conflicting views on the state of american manuf
now. we were listening to ben bernanke a short time ago. you see yield on that, down a basis point. we'll be right back. >> i'm dennis kneale with your fox business brief. u.s. builders trimmed their activity for a second straight month in august. construction spending slipped .7 of 1% to seasonally adjusted $837 billion. >>> honda expanding north american recall to include more than 600,000 accord mid-sized sedans. the recall aims to address a potential power steering fluid leak that could cause a fire under the hood t affects 2003 through 2007 model years equipped with v-6 engines. >>> more of us are getting our news on the go. a new pew research survey more than half of adult americans own a tablet computer or smartphone. one-third to view news as stories and video clips at least once a week the survey found 20% of mobile users said they paid for online subscription in the last year. fox business is free. that's the latest from the fox business, giving you the power to prosper melissa: it is quarter to. as we do every 15 minutes let's check on the markets. nicole petallides on the f
ben bernanke to the economic club of indiana today. his speech did little to push wall street forward. in fact, the market came off of the highs as the chairman started speaking. the chairman saying he doesn't see a recession, but that growth is still too slow to boost the jobs picture. listen to this. >> right now, we see an economy which is expanding. we see employment which is one of the key indicators of recession, still growing. so we expect the economy to continue to grow. that's our best forecast as of now. so we're not expecting a recession. that being said, with an economy growing only sort of 1.5% to 2%, that is not fast enough to lower the unemployment rate. that is my concern. >> all right. we have reaction now to that. and today's big gains in our "closing bell" exchange, plus we're talking strategies for the coming quarter. a quarter that has historically been good for the bulls. with us today, todd of black bay grou group. paul shots of heritage market. and our own rick santelli. paul, i'm going to start with you because you make a bold statement. you feel right now ben
possible reason, ben bernanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more than $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper late fees. are we in a recession right here, right now? our own peter barnes asked fed chief ben bernanke today and he sort of made a joke of the whole thing. >> i know how it happens. it sort of happens over a nice meal at a french restaurant and -- [laughter] there is a discussion of the data and everybody says, what do you think? yeah, okay. melissa: that is his explanation for how the official committee decide whether or not we're in a recession. he didn't really answer the question it turns out. we get one piece of good news like the manufacturing expanding for the first time in four months. we still have a laundry list of bad numbers. unemployment still above 8%. second quarter gdp revised to near stagnant 1.3% growth. durable goods orders falling 1
the best of what is happening in los angeles. mçó4+y?i . >> stocks are higher and ben bernanke defended the u.s. central bank and monetary policy as it aims to show unemployment. nasdaq is down 8 and s&p 500 is up 2. >>> macy's' has made an announcement that could make this a happy holiday season for people looking for work. they are looking to hire 80,000 seasonal workers and it's a 2. 5% increase than last year. they are using bloomingdale. most of them will be part-time. stores begin to typically higher in october. >>> yahoo's ceo has a new job, mom. mom and baby has been announced and no name has been picked yet. she announced she was pregnant as she took over in july and she said she was just planning to take a few works weeks off -- a few work weeks off in september. >> how did you find this place... >> the movie was number one in box office numbers it was one of the strong get box office win. they had trouble with the curve and they rack up the sign. it will be stripped down and given a new coat of paint. it will take 10 weeks to complete and today on ktvu channel 2 morning news
now. fed chairman ben bernanke speaking right now out in indianapolis. he is about to take questions on the impact of the new qe3. in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we wait for ben bernanke to begin that q&a session, we have a big stock market rally on our hands the first day of the trading quarter, up 123 points right now. bob pisani's joining me now on the floor. you're up a little sigh of relief there. a rally that's carried over to the u.s. but are the underpinnings here at home strong enough? >> new order xoen fent norcompo ism moved the market up in addition to follow-through from europe. the dow industrials were off the high 2-1 advancing to declining stocks. it was 3-1 earlier but you could see we've dipped a little just in the last 15 minutes or so. in terms
quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week
in september for the first time in 4 months. but construct went down. and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wednesday's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best
employment report comes out friday but will be high on the agenda all week. ben bernanke will also get a lot of attention when minutes from the latest policy meeting are released. >>> september auto sales are also on tap. experts predict sales are up nearly 11% over last year. >>> meanwhile, according to aaa, the price of regular gas is down about five cents in the past week to an average $3.81 a gallon. >>> overseas this morning, uncertainty about spain's bailout weighed down asian stocks. thousands filled spain's capital this weekend to protest sweeping budget cuts and austerity measures included in a 2013 draft budget. >>> elsewhere, on the heels of apple's flawed debut of the flawed map app, oracle customers will have access to nokia's data and location services. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay
chairman ben bernanke. he'll discuss the fed's new stimulus program. stocks fell after the fed official said the plan will not create jobs. today medicare starts changing the way it does business. the agency will begin fining hospitals that has too many patients return within 40 days because of complication. it could affect 2,200 facilities and the average fine would be about $125,000. and an auction featuring the most famous outlaws in history raked in more than a million dollars. bonnie and clyde went down in a hail of gunfire, bonnie parker had a .38 taped to her thigh. yesterday the guns were auctioned off to the same bidder for a total of $524,000. wh >> ashley morrison here in new york. up next your monday morning weather and in sports a bizarre pre-game collision knocks down redskin starters and knocks them out of the game against the bucs. ♪ [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. the towel that's durable and scrubbable. in this lab demo, bounty basic is stronge
reserve board. this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama and the a republicans should be embracing this. >> romney has said that he opposes this -- romney has also said that he will not reappoint ben bernanke. there's not a lot of sympathy for bernanke inside that campaign or the gop, that interests me a lot. i'm asking a difficult question, i don't think there's a direct -- i'm not saying that bernanke is deliberately doing qe-3, because probably it won't work in the next six weeks anyway. >> it hasn't worked up until now. >> the federal reserve is like the supreme court, it's now controlled by left wing democrats. >> here's what i think, this is buy
and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very upbeat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainly the momentum is not good. whether the growth number for the fourth quarter is a half a percent or three-quarters of% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recently in a poll, 60 percent of them said the u.s. is in a recession. at some point it becomes self reinforcing from the people who could take us out of this we don't want to spend
that are doing their best to generate good data and why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that for years artists tried to paint pictures as if they were perfectly -- let's say they tried to capture the exact look. like a kodak camera. okay? that's called realism as the painters are indeed realistic. but as art progressed in the late 19th and early 20th century, you tend to get more -- let's say impressionist, less realist and then expressionists as the artists strugged to get beyond the four walls of the canvas,
. today investors will hear from federal reserve chairman ben bernanke. he'll discuss the fed's new stimulus program. aimed at buying morning backed securities. stocks fell after the fed official said the plan will not create jobs. today medicare starts changing the way it does business. the agency will begin fining hospitals that has too many patients return within 40 days because of complications. it could affect 2,200 facilities and the average fine would be about $125,000. and an auction featuring the most famous outlaws in history raked in more than a million dollars. bonnie and clyde went down in a hail of gunfire, bonnie parker had a .38 taped to her thigh. clyde had a .45 in his waist. yesterday the guns were auctioned off to the same bidder for a total of $524,000. >> ashley morrison here in new york. up next your monday morning weather and in sports a bizarre pre-game collision knocks down redskin starters and knocks them out of the game against the bucs. pre-game collision knocks down redskin starters and knocks them out of the game against the bucs. ♪ [ dog barking ]
reserve chairman ben bernanke said today america is feeling the impact. >> it has been a problem for the u.s. economy. we have seen head winds coming from slowing trade. >> reporter: if you combine imports and exports, the european union is our biggest trading partner. >> so we have a very strong interest in europe solving its problems. >> reporter: but the problem won't be solved quickly says ian brehmer who heads the eurasia group, a global research firm. what brings the europeans back to growth? no one started to address that issue. it's like saying what's going to bring the united states back to a healthy and manageable deficit. >> reporter: and the more imminent threat to the economy may be the so-called fiscal cliff. the ratings agency fitch has said uncertainty about u.s. fiscal policy is the single-biggest near-term threat to the global recovery. >> winston churchill once said that the americans always do the right thing but only after extinguishing every other possibility. that is precisely what the americans are doing here. >> reporter: bremmer believes washington won't go over t
easing, ben bernanke making his case, our rich edson is standing by live with bernanke in indianapolis. >> and we are blowing the lid off what a producer here is calling a pork-alypse. why last week's warning of a global bacon shortage is now being called hogwash. tracy: it was scary at the moment. now let's go to nicole petallides at the new york stock exchange. we have quite a rally. nicole: so far so good. the bulls out on wall street say hey i will take it. the dow jones industrials are up more than 1%. we have seen all the dow components 29 of the 30 in the green with the exception of microsoft. cisco hovering around the unchanged line. for the most part all have up arrows. less worries about europe, certainly one thing we have noticed. also the ism number coming in and that showed expansion rather than three months of contraction for u.s. manufacturing. so that was good news there. let's take a look here at goldman sachs. when you are looking at goldman sachs, it is interesting because in barron's over the weekend, we call this one the barron's bounce; right? well, barron's sayin
for behind the scenes piece. it was how ben bernanke worked and got qe3. >> it brings the consensus. >>> next at the brink, we're taking a deep dive into the escalating turmoil across the middle east. "the daily rundown" will be back in 30 seconds. >>> new violence and turmoil across the middle east and afghanistan is putting the u.s. on edge. deep dive is about the renewed focus on the region that is at the brink. from israel and iran to libya and syria. situations are deteriorating in some places with alarming speed. in afghanistan, attacks by the taliban and afghan security are forcing the u.s. to rethink its commitment to america's longest war. a string of suicide attacks in iraq show a country still racked with sectarian violence nine months after america's exit there. in libya, of course, the u.s. is grappling with questions about security lapses in the wake of the murders of the ambassador. >>> they battle bashar al assad's regime. your all of it is the escalating confrontation between israel and iran which has become the flash point. mitt romney warning, quote, if the middle east desc
of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today down bringing the rest of the market down with it. it is in so many portfolios. s&p 500 up. it's the last day of the quarter of the year. we closed off the highs of the day. not a bad way to kick off the fourth quarter. is today's performance a good indicator of what's ahead? should investors be bracing for a rocky road going into year end? i bring in right now wells fargo adviser, chase investment council, peter, cnbc.com's jeff cox, our own rick santelli. good to see you all. thank you so much for joining us. w
chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it just south of fresno. as many as 40 people reported hurt in the crash. when several cars jumped the tracks. trace gallagher in our west coast news hub now. trace, exactly how did this happen. >> well, the train was heading south from oakland to bakersfield. it crashed in a town called hanford which is 30 miles outside fresno it appears that a truck carrying a cotton by product actually blue through the signal and crashed into the train. it looks like three of the five railcars are off the track. you can see two of them there at a 45-degree angle. the people inside were tossed about. 169 on board. 40 injured. at last check 17 were
of the federal reserv ben bernanke said in a speech that the economy still isn't growing fast enough to cut into unemployment. in the end, the dow jones industrial average gained 78 points to close at 13,515. the nasdaq fell more than two points to close at 3113. another major auto recall is in the works. honda announced plans to check more than 500,000 accords in the u.s. for a defective hose that can leak fluid and catch fire. the problem affects model years 2003 through 2007 of v-6 engine cars. the accord is the second best- selling car in the u.s., after the toyota camry. white house officials have acknowledged an attempt to hack the executive mansion's computer system. the associated press reported today the recent effort targeted an unclassified network, but the officials said the attack was spotted and stopped. there was no word on who was behind the attempt. a founder and leader of modern ecology, dr. barry commoner, died sunday. his work on radioactive fallout helped lead to the nuclear test ban treaty in 1963. he also was a prominent figure in the first "earth day" in 1970, and ev
the market heads south. but ben bernanke is propping it up. martha: we have a jam packed show for you today. both candidates are hunkered down getting ready for wednesday night's debate in denver. new numbers show how many voters could still be persuaded. bill: disturbing details in fallout from operation fast & furious. new records of dozens of weapons linked to murders and weapons and cartel hitmen. now there are questions about the fate of attorney general eric holder in all of this. >> they don't see the victims. 60,000 people have been killed. and they have been indifferent to the sufferings of the people. . but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. martha: former california governor schwarz * spilling details about his marriage with maria shriver. he recounted in painful detail how he broke the news to his chil
understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the mess in the first place, i do not have a solution, only the conviction that we're indeed in another bubble and i don't know exactly how it will shake out. i don't know which investment will do well eventually, but i do know that this bubble will burst and when that happens, there will be a river of tears. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange plac
was an advocate for open-ended qe long before fed chairman ben bernanke announced qe infinity. >> now chicago fed president charles evans is ready to take on critics of the plan. >>> we're kicking off the fourth quarter with the biggest bull of all the squawkmarket masters. the odds of hitting dow's 17,000 by the end of next year are looking better and better says jeremy siegel. the third hour of "squawk box" starts right now. ♪ >>> good morning again. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin and our guest host has been craig barrett, the former chairman and ceo of intel, obviously we have a lot more to discuss with him but we also have many other big guests who are joining us through the hour, don't forget that this is the beginning of the fourth quarter, you can start it off with our portfolio strategy session, speaking with jeremy siegel about the market events likely to drive the fourth quarter including the november election. coming up at 8:30 a.m. eastern, cnbc's exclusive interview with chicago fed president charlie evans, lo
. federal reserve chairman ben bernanke speaks today. the critical september jobs report is friday. and there's plenty of news in between like auto sales, jobless claims and a presidential debate. u.s. stock futures signal a higher start to a brand-new quarter that begins today. individual investors may have missed this strong quarter for stocks. retail investors have been pulling money out of stocks for months. but stocks have been rising. the dow, the s&p 500, the nasdaq, all posted strong gains over the past three months. the nasdaq is up nearly 18% for the year now. more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would belie
from ben bernanke. >> two big downgrades on two big companies. microsoft says momentum will slow. >> and facebook's stock is up 30% from the july lows. >>> and julia boorstin with a sitdown with facebook's cheryl sandberg. >>> futures ant rise and the fourth quarter gets under way. major indices coming off a third quarter that was their best quarterly performance in two years. but there's a lot for wall street to digest this week waiting for today's monetary policy speech from bernanke. and the big jobs number is coming up on friday. it's been said that q3 was characterized by expectations from central banks, that we got what we wanted and that's not necessarily going to be the picture for this quarter. >> you're fighting worldwide feds. if you don't like the market, i understand expectations lowered along with estimates lowered. all you have to do is beat estimates even if they're lowered and you have the various feds behind you. still got a good market. >> evans this morning on "squawk" is few moments ago saying he'd like to see twist go all the way through 2013. there are thin
Search Results 0 to 38 of about 39 (some duplicates have been removed)